99 Pine Ridge Rd · Middleton, NH 03887

$199,900

3 bd · 2.0 ba · 1,846 sqft · Manufactured public records · 3 Days on market

Built 1987 5.12 ac lot

---

Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.7/30.0
• Appreciation +10.0/10.0
• DSCR +9.2/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

3 BEDROOM, 2 FULL BATH DOUBLE WIDE MOBILE HOME WITH FULL BASEMENT LOCATED ON 5+ ACRES! CEILING FANS, SKYLIGHTS, CORNER FIREPLACE, WOODSTOVE, WALK IN CLOSETS, MASTER BATH WITH DOUBLE SINK, SEPARATE SHOWER, AND STEP UP TUB. 2 CAR GARAGE!!

Key facts

• Open floor plan
• Wood stove
• Dual vanities

Tags

• OPEN FLOOR PLAN
• SKYLIGHTS
• WOOD STOVE
• PRIVATE BATH
• DUAL VANITIES
• SOAKING TUB

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Private water; Private sewer; Circuit breaker electrical service; Cable available; No internet service (listed as none)
• Home design: Manufactured/Mobile, ranch-style home; Single-story (all main rooms on first level); Facing direction not specified
• Construction: Built in 1987; Wood siding; Metal roof
• Exterior features: Country setting; Level lot; Paved driveway; Private road frontage; Mobile home on owned land

Interior

• Kitchen: Exhaust hood; Electric range; Refrigerator; Kitchen area — 12 x 14 (first level)
• Bedrooms: Master bedroom (first level) — 13 x 13; Bedroom (first level) — 11 x 14; Bedroom (first level) — 11 x 13
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms (both on first level)
• Heating & cooling: Forced air heating
• Interior features: Five total rooms; Full, unfinished basement with interior access; Vinyl flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $544 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Zoned schools: Middleton Elementary School (math 34% / reading 44%, grade F, #164 of 263 statewide, top 64%, 153 students, 37% FRL).
• Market conditions: 15 active listings in the ZIP; 951 units permitted in Strafford County in 2024 (551 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Strafford County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 27y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $87k; list at $200k implies a 130% gain — meaningful room to come down on a strong offer.

Recommended offer $199,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
3. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
4. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.25% ✓
• Cap rate: 9.56%
• Cash-on-cash: 11.66%
• DSCR: 1.52
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.8%
• Equity multiple: 3.56×
• Total profit: $143,567
• Equity at exit: $180,086

10-year hold

• IRR: 28.3%
• Equity multiple: 8.07×
• Total profit: $395,686
• Equity at exit: $388,362

Cash invested: $55,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 56 Moderately Landlord-Leaning
• State New Hampshire: 56 Moderately Landlord-Leaning · D+1
• County: — inherits STATE
• City: — inherits STATE

Has just-cause statute; 30-day notice; landlord-leaning vs. neighbors.

Methodology + full state rankings →

ZIP-level market 03887

• Home prices YoY: 27.2%
• Active inventory: 15
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$299 /mo · $3,592/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $544

Break-even live

Break-even rent $1,811

Max offer price $199,900

Occupancy floor 73%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-18
   days on market $199,900 Active 3 DOM
2. 2026-06-17
   days on market $199,900 Active 2 DOM
3. 2026-06-16
   listing id $199,900 Active 1 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   listed $199,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NH · Partial reset (capped growth)

• Current annual tax: $3,592 · $299/mo
• Projected year-2 tax: $3,975 · $331/mo
• Expected delta: +$383/yr (+$32/mo · 10.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,994
• − Mortgage interest: −$11,198
• − Property taxes: −$3,592
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$5,815
• Taxable income: $3,591
• Est. tax owed @ 24.0%: −$862
• After-tax cash flow: $5,663/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — Middleton

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 2,007

Population outlook (Strafford County) Hauer SSP2

• Today (2025): 132,503 people
• By 2030: 135,377 · +2.2%
• By 2040: 139,609 · +5.4%
• By 2050: 141,803 · +7.0%
• By 2075: 149,280 · +12.7%
• By 2100: 148,667 · +12.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 2% Asian 2% Black 1%
• Common ancestry: Lithuanian 12% Romanian 2% Slovak 2%
• Foreign-born: 2% · China
• Languages at home: 98% English-only · Spanish 1% Tagalog/Filipino 1%

Political lean MEDSL · Strafford

• 2024 margin: D (+12.1) · D 55.5% · R 43.5% · Other 1.0%
• 2008→2024 swing: -8.3pp toward R · 2008: 20.4pp · 2024: 12.1pp
• All cycles: 2024: D+12.1 2020: D+15.2 2016: D+8.6 2012: D+14.5 2008: D+20.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 113.76%
• Current HPI: 532.4284
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+122.4% since first listed

8 events — show timeline

• 2026-06-15 Listed $199,900 PrimeMLS
• 1999-06-02 Sold (Public Records) $87,000 Public Records
• 1999-05-28 Sold (MLS) $87,000 PrimeMLS
• 1999-05-28 Sold (MLS) $87,000 PrimeMLS
• 1999-04-10 Delisted — PrimeMLS
• 1999-04-09 Delisted — PrimeMLS
• 1999-03-10 Listed $89,900 PrimeMLS
• 1999-03-10 Listed $89,900 PrimeMLS

Property tax history

+2.4%/yr

Latest (2025): $3,592 · +1.6% YoY. Source: county tax records.